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Now let’s get started with part one of your training.
As time goes on, the value of having multiple income streams is smart. After all, the more income streams you have, the less trouble your life will have if one of those income streams, including your main source of income, goes defunct or experiences a downturn.
And just to make sure, you and I are on the same page here: an income stream just refers to any source of regular financial income in your life. Your job is one. Your pension is another. Rent from an apartment building you own is yet another.
But since most of us are already way too busy to work an additional job in order to make more income streams, the best route is to look for new income streams is to evaluate passive income streams.
What’s a passive income stream? A passive income stream is one where, once you’ve done the initial investment, there’s little or no upkeep to that investment required to maintain the income stream. Writing a book is a passive income stream, for example – once that book is complete and on its way to the publisher, you just sit back and wait for the proceeds.
In this training, I’m sharing dozens of way for you to start creating passive income.
1. Look for Passive Income opportunities that self-renew on a residual basis.
In plain English, an example would be promoting a Membership Site as an affiliate, and collecting your commission on every sign-up to that site, then collecting commission every month your sign-up candidate’s membership is active!
Here’s how it typically works: `
- You sign up as an affiliate for program of a membership site, such as my Tweak It and Profit at http://www.tweakitandprofit.com/affiliates
- You get tools to promote the membership to people you know (your business list, usually) in the affiliate center, as well as an exclusive affiliate link that belongs to only you.
- Each time someone buys through your link, you get a commission (in the case of Tweak It and Profit, it’s 40%) that’s recurring – meaning you make money every month as long as the person remains a member
2. Create Passive Income accessories for your Service-based business.
Often clients who are impressed by your services will look for accessories and products created by you that they can augment those services with. So create a “My Products” section on your website, and offer products and guides clients (and anyone else) can purchase via links from your website.
This is exactly how I tripled my income within a year. You see, I am a PR and marketing consultant, and as much as I would love to work with more people, I did not want to have the kind of business where I kept adding more and more staff. I also knew that there were many small business owners who could not afford a PR and marketing firm’s fees. So creating products to help them – and help my business make more money without adding more overhead, was ideal.
Today, I have a variety of products that continue selling because anyone can buy them anytime they want, as well as a coaching business and I still have my marketing firm.
3. Create a Course, then sell it with a webinar.
Do you have strong skills in certain areas? Then create a course in installments, and create a free, live Webinar with which you can promote it.
Invite guest experts. Increase the appeal of your invitation by offering their audience special price (or free “early bird access”) to your course. Offer to share the recordings and transcripts with them. Create an incentive just for their audience.
And even if you can’t yet attract powerful guests, simply creating your course and making sure it’s consistent, professionally produced and dynamic will help attract affiliates and new buzz.
I recently helped a client who was a family portrait photographer with this. She created a simple course to help amateur phototgrapher moms – who are often taking the candids of their kids, how to use their smartphone camera better for those shots. The course, which used videos via powerpoint, was $47, and with a webinar to promote it, she sold 130 of the videos within two weeks. (That’s more than $6,000!)
Now all she does is partner with other experts and offer the webinar to their audiences once a quarter to get the same (or even better) results! Plus, she also get buyers who are just visiting her website as well.
This is where the first part of this training ends. If you want more, read on…
You’re About to Learn the Inside Secrets to Creating Multiple Streams of Passive Income,
Year After Year, For the Rest of Your Life… for FREE
The rest of your free training is ready to be delivered to you via email. In it, you’ll learn to:
- Continue getting paid even while you’re sleeping, spending time with your spouse, playing with your kids, or traveling around the world.
- Create stream after stream of passive income without having to take a single step outside your home or talk to anyone.
- Quickly develop the fastest and easiest ways to create multiple streams of passive income even if you can spare only a couple of hours a day to start them up.
- Make more income automatically in a single month than most people make manually in an entire year.
- Find additional resources to help you get more passive income streams… FAST
But to get more of this training, you must register below by sharing your name and email.